And tonight on the future of everything, we're following the money in the AI arms race where pretty much every tech bajillionaire is betting big. There's this new startup entering the game in a big way with a name you already know. Jeff Bezos, the former Amazon chief, current Blue Origin CEO, launching Prometheus.And if you're if you're rusty on your Greek mythology, Prometheus was the guy who stole fire, then gave it to humans, then ended up being eternally tortured. So, we'll see what happens. But accordi ...

Cryptocurrency Market Downturn - Bitcoin price sank below $93,000, reaching its lowest level since April [2] - Bitcoin's decline has erased nearly all of this year's gains [2] - Traders attribute the downturn to weak Asia demand, leveraged unwind, and a rotation into crypto proxy stocks [2] - Bitcoin has triggered a death cross, a bearish chart signal [2][3] - The market is experiencing extreme fear, ETF outflows, and whale selling, compounding the drawdown [3] - MicroStrategy made its biggest Bitcoin purchase since this summer, holding over $48 billion worth of the coin [4] - Digital asset treasury stocks, including Bit Mine and Immersion, have experienced significant declines [5] Jeff Bezos' AI Venture - Jeff Bezos is launching a new AI company called Project Prometheus, focused on physical intelligence [6] - Project Prometheus has raised $62 billion in initial funding, including money from Bezos [7] - The company aims to apply AI to engineer and manufacture complex real-world systems like computers, spacecraft, and cars [6] - Project Prometheus may carve out a unique niche at the intersection of robotics, infrastructure, and hardware [7] - The company's technology could potentially synergize with Blue Origin's business [8] - The AI advancements could contribute to Amazon's warehouse robotics push, aiming for "lights out" facilities with minimal human oversight [10][11]

[music] All right, good Monday morning from Yow Fights' New York City headquarter studios. I'm Yao Fights executive editor Brian S. I can't believe it's Monday again.The weekend always goes by way too fast. Uh, nonetheless, you can just feel the nervousness in markets right now. And let me tell you, you don't have to search too far to get [music] the feeling that the bears are about to rip off your head.Bitcoin is off by more than 25% from its record highs. Nvidia is down by 10% from its October highs as th ...

Market Overview - Bitcoin has dropped over 25% from its record highs, currently trading below $95,000, and is down approximately 0.4% year-to-date [2][6][7] - Nvidia's stock is down 10% from its October highs, with significant attention on its upcoming earnings release [2][9] - Major indexes, including the Dow, NASDAQ, and S&P 500, opened in the red, reflecting a volatile market environment [3][4] Volatility and Market Sentiment - The VIX, known as Wall Street's fear gauge, has increased by around 10% over the past 10 days, indicating heightened market jitters [4] - Concerns are rising over stretched valuations and the concentration of AI infrastructure stocks within the S&P 500, which could lead to significant market impacts if these stocks decline [4][18] - There is a noted "AI fatigue" among retail investors, contributing to the overall market concerns [5] Earnings Expectations - Despite current volatility, there is optimism regarding strong earnings heading into 2026, which could help sustain market rallies [5][20] - Nvidia's upcoming earnings report is critical, with expectations for strong performance but concerns about guidance related to China [9][12] AI Sector Insights - The AI sector is experiencing a sell-off, with high momentum stocks rolling over due to concerns about inflated valuations [10][18] - Analysts are divided on whether the market is in an AI bubble, but many remain optimistic about the long-term demand for AI technologies [19][20] - The concentration of AI stocks in the S&P 500 raises questions about market stability if these stocks experience declines [18] Cryptocurrency Market Dynamics - Bernstein suggests that the current price action in Bitcoin reflects fears related to its historical four-year cycle peak pattern, indicating potential for a short-term correction rather than a peak [8][25] - The sell-off in cryptocurrencies is widespread, affecting not only Bitcoin but also altcoins like Ethereum, which tend to follow Bitcoin's price movements [27][28] - Institutional interest in cryptocurrencies remains, with potential for future price increases driven by regulatory clarity and market adoption [25][26] Blue Origin Developments - Blue Origin successfully completed its second test flight of the New Glenn rocket, marking a significant achievement in its mission to build infrastructure for space exploration [35][36] - The company aims to ramp up production and meet increasing demand for space launches, with plans for future missions to the moon [55][57] - Blue Origin's CEO emphasizes the importance of building infrastructure in space to support long-term human presence and industry beyond Earth [44][58]

Blue Origin has transformed itself into a manufacturer from beginnings as a rocket company, a top executive said at the Dubai Airshow https://t.co/TEc1fd6oed ...

Core Insights - Jeff Bezos's Project Prometheus has raised over $6.2 billion in funding, despite having no known revenue, marking a significant entry into the AI sector [1][3] - The company aims to leverage AI technology to enhance manufacturing processes in industries such as computers, aerospace, and automotive [1][5] - Bezos will serve as co-CEO alongside Vik Bajaj, a former executive at Verily, indicating a strong leadership team with experience in technology and biotech [2][3] Company Overview - Project Prometheus is Bezos's first CEO role since leaving Amazon four years ago, reflecting a strategic shift back into active business leadership [2] - The name "Prometheus" draws from Greek mythology, symbolizing the transformative potential of AI akin to the discovery of fire or electricity [2] - The company has attracted significant investment, including contributions from Bezos himself, highlighting investor confidence in its potential [3] Industry Context - The influx of capital into AI has raised concerns about a potential stock market bubble, with Bezos acknowledging the existence of an "industrial bubble" in the sector [4] - The focus on AI in manufacturing aligns with broader industry trends, where companies are exploring the use of AI for material innovation and robotics in production [6] - Competitors like Elon Musk's Tesla are also advancing AI applications in manufacturing, indicating a competitive landscape in the integration of AI technologies [6]

Core Insights - Jeff Bezos will serve as co-CEO of a new AI startup named Project Prometheus, focusing on AI applications in engineering and manufacturing for computers, automobiles, and spacecraft [1][2] - The startup has raised $6.2 billion in funding, making it one of the most well-financed early-stage companies globally [1] - This marks Bezos's first formal operational role since stepping down as CEO of Amazon in July 2021 [2] Company Overview - Project Prometheus is entering a competitive AI market, facing challenges from both smaller firms and established players like Microsoft-backed OpenAI, Meta, and Google [2] - Vik Bajaj, a physicist and chemist with experience at Google's X, will serve as co-CEO alongside Bezos [3] - The company has already recruited nearly 100 employees, including researchers from leading AI firms such as OpenAI, DeepMind, and Meta [3]

Space Exploration & Competition - Blue Origin successfully launched its New Glenn rocket for the second time, aiming for missions to the Moon and beyond [1] - The company successfully landed the rocket's booster for re-use [1] - New Glenn can carry twice the payload of SpaceX's Falcon 9 rocket, intensifying the rivalry between the two companies [1]

Company Performance - Blue Origin successfully launched its New Glenn rocket for the second time [1] - The company successfully landed the rocket's booster for re-use [1] Competitive Landscape - New Glenn can carry twice the payload of SpaceX's Falcon 9 rocket [1] - The success intensifies Blue Origin's rivalry with Elon Musk's SpaceX [1] Strategic Direction - Blue Origin plans to use New Glenn for missions to the Moon and beyond [1]

Hello everyone. Asset prices are crashing and everyone's freaking out. Chicago's treasurer just made one of the craziest investment decisions I've ever seen.Jeff Park's going to explain if $100,000 is Bitcoin's new base. And we finally have a second American company who has successfully landed a reusable rocket. We are live today from the desk of Anthony Pompiano.Before we get into today's show, I need your help. My goal is to get to 1 million subscribers on YouTube. We currently have 37,933.Hit the button ...